by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Oconee Fall Line Technical College, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At OFTC specifically, 2% of new students use loans toward freshman-year expenses, for an average of $5,560 per borrower, covering both private and federal loans.
Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 0% |
| Undergraduates with a federal loan | 0 |
| Total federal loans (one year) | $0 |
The middle borrower at OFTC owes $4,688 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,688 |
| Students who completed (graduates) | $6,514 |
| Students who withdrew | $3,581 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for OFTC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $940 |
| 25th percentile | $1,800 |
| 75th percentile | $9,764 |
| 90th percentile (highest-debt students) | $21,155 |
How wide this percentile range is tells you how much borrowing varies across students at OFTC.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for OFTC.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 109 | $7,684 |
| Completed (graduates) | 37 | $8,800 |
| Did not complete | 72 | $7,117 |
On a standard 10-year plan, the median completing borrower would pay about $104.64/mo.
These figures turn the debt totals into a monthly repayment picture for OFTC.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,400 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,085 |
| Independent students | $5,174 |
Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Worth Knowing
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.